Evaluate the quarterly index
Over the past year, Meredith and Smunt Manufacturing had yearly sales of 10,000 portable water pumps. The average quarterly sales for past 5 years have averaged:
Spring
4,000
Summer
3,000
Fall
2,000
Winter
1,000
Evaluate the quarterly index.
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If pre-split price of common stock was= $28.50, what will new common equity section of balance sheet look like?
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